Charts: Non-Bank Lenders Taking over Mortgage Originations

Many people don’t realize the role that non-bank lenders play in the mortgage business; the below bar chart breaks down the top originators in Q2 2016; while traditional banks still are represented in the top 10 and Wells Fargo still leads by a wide margin, non-banks represented 63% of the total number of originations in the top 10; non-banks lead origination of mortgages which are insured by the Federal Housing Administration and the Veterans Administration; the graph shows the trend we have seen since 2009 of non-bank lenders increasing their share of the market; at LendIt we will feature a panel on the shifting mortgage origination landscape with companies such as Better Mortgage and loanDepot.  Source

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